XRP News Today: XRP Surges 100% to $2.90 Amid Institutional Interest and Regulatory Clarity

XRP has recently surged to $2.90, breaking through critical resistance levels and gaining significant momentum in the altcoin market. This surge is accompanied by increased trading volume and on-chain activity, indicating a strong institutional interest in the digital asset. Data shows a substantial uptick in whale accumulation, suggesting that large holders are positioning for a significant move, which could be an indicator of increased institutional demand.

The regulatory environment is also becoming a focus for XRP. Three important crypto-related bills are under consideration by lawmakers, which could provide regulatory clarity and boost XRP’s utility phase amid rising market activity. According to Pumpius, a crypto analyst, XRP is not just participating in the rally but driving it. This moment marks the beginning of XRP’s “utility phase,” where the long legal battle that once clouded its future is now seen as the foundation for broader adoption.

Over 6.6 million XRP wallets have been created, with thousands added every day. The current database of whale wallets indicates that 47 billion XRP are currently in cold storage and OTC accounts. This massive wallet growth and the utility-focused ecosystem are fueling XRP’s momentum. Real-world use cases are being developed across healthcare, identity, and genomic data platforms, with active project developments happening on the XRP Ledger, such as DNAOnChain and XRPHealthcare.

XRP can be distinguished among other altcoins because of its utility focus. Other projects are still speculative, but XRP is provided with operational, regulatory-compliant infrastructure. Ripple has intensified institutional relationships, such as with RLUSD and BNY Mellon, guiding XRP towards larger financial integration. XRP has deployed an EVM-compatible sidechain to enable innovative contract capabilities, enhancing interoperability while maintaining compliance. The RLUSD liquidity bridge has also been opened, enhancing cross-network asset flow, showing significant improvements to the XRP infrastructure.

Pumpius stated that XRP has become a harder and stronger cryptocurrency since the regulatory challenges. The asset has become more adapted to environments where speed, transparency, and regulation are required. As the power of Bitcoin fades, capital is swirling into real-world-applicable altcoins. The niche of XRP is drawing interest both within the retail and institutional segments. According to Pumpius, the conditions surrounding XRP suggest that a significant shift is underway. With growing adoption, strong utility, and a favorable regulatory outlook, XRP may be poised to lead the next phase of the altcoin market.